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Salesforce beats growth expectations, as investors digest the Slack acquisition

Salesforce beats growth expectations, as investors digest the Slack acquisition Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of $5.42 billion, up 20% from the year-ago period. Salesforce also had net income of $1.08 […]

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Lyft sees ride revenues recover by nearly 50% in just three months

Lyft sees ride revenues recover by nearly 50% in just three months Shares of Lyft are riding high, popping more than 7% in after-hours trading today after the American ride-hailing giant reported its Q3 earnings. Lyft, which competes with Uber for rideshare, reported revenues of $499.7 million in third-quarter, a 48% drop […]

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Zynga reports record revenue and strong user growth while still losing $122M

Zynga reports record revenue and strong user growth while still losing 2M Zynga’s revenue grew to a record $503 million (up 46% year-over-year) in the third quarter, with bookings of $628 million (up 59%), according to its latest earnings report. It also had its best mobile daily active user (31 million) and […]

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Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states

Apple, Microsoft and other tech stocks roar as the Presidential election narrows to several states On the back of sizable gains posted yesterday, tech stocks are once again rising sharply in pre-market trading today. Futures concerning the tech-heavy Nasdaq Composite index are indicating a 3.4% gain this morning, far above a 1.7% […]

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PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech

PayPal’s earnings don’t excite Wall Street, but bring good news for consumer fintech PayPal’s stock is down in after-hours trading after reporting third-quarter earnings that beat expectations. It’s not immediately clear why PayPal is losing ground, although it could stem from retail investor having higher expectations than what analysts estimated for the […]

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Q3 earnings find Apple and Google looking to the future for hardware rebounds

Q3 earnings find Apple and Google looking to the future for hardware rebounds “5G is a once-in-a-decade kind of opportunity,” Tim Cook told the media during the Q&A portion of Apple’s Q3 earnings call. “And we could not be more excited to hit the market exactly when we did.” The truth of […]

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Twitter revenue rises 14%, but user growth fails to impress

Twitter revenue rises 14%, but user growth fails to impress Twitter continued to see its traffic rise in the third quarter, thanks to that trifecta of returning sports, the presidential campaign and the COVID-19 pandemic. But there wasn’t quite enough growth to appease Wall Street.  Twitter beat out analyst expectations on revenue […]

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Strong ad revenues boost Facebook past expectations as company cites ecommerce boom as tailwind

Strong ad revenues boost Facebook past expectations as company cites ecommerce boom as tailwind Facebook reported its Q3 earnings today, including revenues of $21.5 billion, net income of $7.8 billion. The company earned $2.71 in per-share profit during the three month period. Analysts had expected Facebook, the social giant, to earn a […]

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SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant

SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by over 20% […]

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Huawei reports slowing growth as its operations “face significant challenges”

Huawei reports slowing growth as its operations “face significant challenges” Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.” While Huawei did not specify trade restrictions in its brief announcement, the […]

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